Brokerages Expect P.A.M. Transportation Services, Inc. (PTSI) to Post $0.26 Earnings Per Share
Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price target of $17.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 118 out of 265 based on the ratings given to its competitors.
Several research firms have issued reports on PTSI. Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective on shares of P.A.M. Transportation Services in a report on Thursday, August 3rd. ValuEngine downgraded P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in P.A.M. Transportation Services by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock worth $338,000 after purchasing an additional 349 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in P.A.M. Transportation Services by 2.5% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $529,000 after purchasing an additional 681 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in P.A.M. Transportation Services by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock worth $5,633,000 after purchasing an additional 8,821 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in P.A.M. Transportation Services during the 2nd quarter worth approximately $482,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in P.A.M. Transportation Services by 21.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock worth $3,315,000 after purchasing an additional 30,780 shares during the last quarter. Institutional investors own 24.97% of the company’s stock.
P.A.M. Transportation Services (NASDAQ PTSI) traded up 0.45% during mid-day trading on Friday, hitting $19.91. 2,237 shares of the company were exchanged. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $17.69. The stock has a market cap of $126.27 million, a price-to-earnings ratio of 15.81 and a beta of 0.99. P.A.M. Transportation Services has a 12 month low of $14.50 and a 12 month high of $28.43.
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P.A.M. Transportation Services Company Profile
P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.
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